Zucker‐Marques, Marina; da Silva, Pedro Perfeito - In: China & World Economy 30 (2022) 3, pp. 42-74
We explore how China's geographically targeted policies impact RMB overseas use individually or in combination. The … policies include swap agreements, clearing banks, investment quotas, and direct trading between Chinese renminbi (RMB) and non … RMB. Specifically, for countries economically close to China, high RMB trading is explained by either (i) having a …